Linked by Zachary Pinter on Tue 27th Apr 2004 17:09 UTC
General Development Garbage collection (GC) is a technology that frees programmers from the hassle of explicitly managing memory allocation for every object they create. Traditionally, the benefit of this automation has come at the cost of significant overhead. However, more efficient algorithms and techniques, coupled with the increased computational power of computers have made the overhead negligible for all but the most extreme situations.
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Python GC
by sanxiyn on Tue 27th Apr 2004 23:43 UTC

Python still uses reference counting as of 2.3, but it also has cycle detector that runs periodically to prevent memory leaks, since 2.0.